Draft PPT on the hosting of a EDU Startup Weekend, and the creation of an education-focused startup incubator. For more info, please contact Mark (mlee@alum.mit.edu)

2. Need for New Education Ideas, Esp. For STEM On technology in education, (Jeb) Bush told Morgan: "I think our country has rested on its laurels.” http://blogs.edweek.org/edweek/DigitalEducation/

3. New Technology Enables New Ideas What Other Ideas Are Possible? http://www.slideshare.net/eden_online/nick-allen WP, Web browsing, video conferencing, two USB ports, 256 MB RAM. US$45

6. The Only US-Based Education-Focused Startup Incubator Incubatees http://www.imaginek12.com/

7. US-Based Vertical Competition Might Overlook Global Market Competition Imagine K12 Seems to Ignore Global Markets? Innovation Opportunities STEM (e.g. SG Math) to the US Creativity to the ROW? K-12 STEM Creativity

8. K-12 Education Technology Market Map http://www.newschools.org/entrepreneurs/edtechmap

9. 90% Success Rate for TechStars Startup Incubator (Not Education-Focused) http://www.techstars.com/companies/results/ 80% Active 10% Failed 10% Acquired Y Combinator $22.4M/Incubatee Valuation http://ycombinator.com/nums.html

10. Portfolio’s Potential Investment Returns Sale of A Company Company Sales Equity Revenue-Based http://www.lightercapital.com/about/ 30% ROI 25% ROI Basically, a startup gets a lump sum of cash. In exchange, the investor gets a percentage of the startup’s gross revenue for a length of time, or until a maximum “cap” has been repaid. I give you money, you give me a percentage of your revenue.

12. Potential Interest in Digital Learning Tools from the FL Board/Dept of Education (Excerpt from Bob Martinez’s e-mail) “ My name is Bob Martinez. I serve as the Vice-Chair of Florida's State Board of Education . I had the opportunity this afternoon to see Mr. Khan's presentation at the Foundation for Excellence in Education annual summit. It was terrific! … My wife and I have three school aged children in public and public schools. They are getting excellent educations. But, we do not think their schools are using digital learning tools as well as they should. I also think that Florida, as a matter of public policy, should use these tools as a customary part of their schools' learning agenda.”

13. Comparable Institutions in Central Florida Local Startup Incubator(s) Education-Focused Incubator Well-Established Brand-New Local Attractor National Attractor Broad Deep (?) External Funding Funding Available

14. Next Steps

15. Use A EDU Startup Weekend to Gauge Interest & Opportunity (?) http://www.youtube.com/watch?v=jjgg63cGRLY View the YouTube Video To See what the Weekend Was Like

16. Proposed Timelines EDU Startup Weekend EDU Startup Incubator 2011 Oct Nov Attend Startup weekend event Dec Plan startup weekend Plan Startup Incubator 2012 Jan Plan startup weekend Plan Startup Incubator Feb Plan startup weekend Finalize funding, location, mentors, sponsors, … Mar Plan startup weekend Finalize Startup Incubator plan Apr Plan startup weekend Launch application process May EDU Startup Weekend (use as early admission opportunity for potential incubatees) Review Applications - Encourage Startup Weekend Attendance Jun Post-event review Interview & select incubatees Jul Incubatees prepare move to Orlando Aug Incubation Begins (assuming mid-Aug start) Sep Incubation continues Oct Incubation continues Nov Incubation Ends. Present to potential investors Dec Post incubation review 2013 Jan FL Educational Technology Conference http://fetc.org/Events/Florida-Educational-Technology-Conference/Home.aspx May SIIA Ed Tech Industry Summit http://www.siia.com/etis/2011/overview.asp

17. Supplemental Slides (added after Oct 27 th 2011 Presentation)

18. GroupMe – Born @ a 2010 Weekend Hackathon Received $11.5 M Funding, Bought by Skype for between $43M-$68M http://techcrunch.com/2011/08/23/what-skype-really-paid-for-groupme/ A 4X to 6X ROI within 1 year

19. UCF Incubator Participants Have a 87% Survival Rate

20. 1 st Iteration of EDU Startup Weekend Website https://sites.google.com/site/edustartupweekend/

21. Startup Weekend Book

22. Questions About Starting An Education Startup Incubator Mark Lee [email_address] Oct 2011